Another quiet day with respect to the release of economic reports. Recent trends have been fairly flat despite small ripples in either direction as of late.

Compared to yesterday's closing, the market has opened with a 0.125 worsening to the Points/Credits associated with any given interest rate option.

This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling current mortgage pricing on any given day. Feel free to browse the library and research historical rate updates dating back over 2 years at www.JasonGordon.info whenever desired. To make things easier, I have also posted a quick report on How To Read The Charts Below.

Also, make sure to learn THE TOP 10 THINGS TO KNOW ABOUT MORTGAGE RATES (to help understand the relationship between rates & fees/credits) along with THE TRUTH BEHIND MORTGAGE QUOTES (to better understand the relationship between up-front closing costs and mortgage interest rates so you don't get duped by clever advertising campaigns). Remember, we all make better decisions in life when we have the actual facts to analyze...share this report with those whom you care about!

The following information is current as of Tuesday 4-7-2015 and will help you understand today's best mortgage rates. If you are a Buyer/Borrower who is still on the fence (or if you are a Real Estate Agent attempting to educate your "on the fence" Buyer), please review these trends and secure an historically low interest rate before it is too late.

The market closed Monday with a WORSENING to pricing. Monday'sWORSENINGnetted a change of 3 basis points (bps).

(Note: Upward activity on these charts is GOOD, downward activity is BAD)

The following chart summarizes todays market activity:

The following chart shows market activity over the past 10 days (hint: green is good, red is bad)

The following chart shows market activity over the past 1 month:

Daily Interest Rate Snapshot (sample of rates from one of the country's largest Lenders...individual pricing will vary based on specific Borrower qualifications): NOTE: This Lender has quoted a 1.00% Origination Fee (1 Point) to accompany this pricing. It bears noting that this chart does not necessarily represent todays best mortgage rates.

Market Commentary (Neil Trenerry)

Market Update

FNMA

Cpn 2.5 Chg -0.0156 Bid 99.37500

Cpn 3.0 Chg -0.0156 Bid 102.50000

Cpn 3.5 Chg -0.0156 Bid 105.15625

Cpn 4.0 Chg -0.0156 Bid 106.84375

FNMA Cpn 3.0 Forward Delivery over current Month pricing

1 Month Chg 0.0000 Bid 102.25781 Spread 0.24219

2 Months Chg 0.0039 Bid 101.96875 Spread 0.28906

Treasury

UST 5 YR Chg 0.0156 Bid 100.29688 Yield 1.3130

UST 10 YR Chg 0.0469 Bid 101.03125 Yield 1.8840

UST 30 YR Chg 0.0313 Bid 99.18750 Yield 2.5390

Currency

Euro Bid 1.0732 Chg 0.0048

Pound Bid 1.4915 Chg 0.0079

Yen Bid 119.050 Chg -0.060

Light Crude

Last 55.75

Key Economic Data:

Building Permits for Mar: Actual 1.039m, Consensus 1.080m, Last 1.102m.

Fewer than 300,000 American workers filed applications for unemployment benefits for the sixth consecutive week, pointing to labor-market strength even as hiring cooled last month. While a Labor Department report in Washington Thursday showed jobless claims increased by 12,000 to 294,000 in the week ended April 11, readings this low are typically consistent with an improving job market. The median forecast of 50 economists surveyed by Bloomberg called for 280,000. The total number of people currently receiving benefits was the lowest since 2000. Firings have remained low even as other labor-market data have shown the economy battled harsher weather, weaker demand from abroad and West Coast port disruptions early this year. A

muted pace of dismissals, and job openings at a 14-year high, will help buoy hiring after payroll gains cooled last month. If you have a job, youre probably not overly worried its going to go away, Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc. in New York, said before the report. Theyre sending a different message than some other labor-market indicators pointing toward softness. Another report showed housing starts climbed less than forecast in March, indicating builders were slow to take advantage of more favorable weather and underscoring that the housing recovery remains temperate. Work began on 926,000 homes at an annualized rate, up 2 percent from a 908,000 pace in February that was higher than

previously estimated, according to figures from the Commerce Department. The median forecast of economists surveyed by Bloomberg was for a 1.04 million rate. Building permits, a gauge of future construction, decreased.

Industrial Production, Empire Manufacturing and Capacity Utilization all missed expectations and this helping keep Mortgage Backs just above the trendline. We are vulnerable here and we have again failed to breakout and close above 102.60. In the next session or two the market will be forced to either breakout or fall down below the trendline. Later today we will see the Fed Biege Book release and that could push the market in one of the two directions mentioned. I remain highly bullish, but nervous at this level. It is always unwise to assume a breakout, so we should make the safe bet and believe that we are at the top of the range. Not a bad day to lock, given that thought.

Your thought for the day: "95% or more of the things that anger, scare or hurt you are transient and wont be remembered 30 days later, so save yourself the pain"

Trusted Industry Advisor

The above information was compiled and distributed by San Diego Residential Mortgage Specialist, Jason Gordon in an effort to provide transparency regarding true mortgage rate activity and market guidance to consumers and professionals interested in this activity. All Market Commentary is provided via The Mortgage Coach and/or their RateWatch technology software.

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